KIEV, Oct. 20 – Ukraine should support the stability of the hryvnia exchange rate and fight to rein in inflation, according to Petro Poroshenko, the head of the National Bank of Ukraine Council.
"Today Ukraine wants a stable hryvnia… Today we don't have shocking demand or shocking [currency] supply, which would have needed artificial intervention using administrative measures or tools," he said in Kiev on Tuesday at an investment forum organized by Investment Capital Ukraine (ICU) Group.
Poroshenko said that Ukrainian authorities should not follow trends of global economic fashion in the current conditions and stimulate its exports by devaluing the national currency. He said that the main problem of Ukraine is the attraction of foreign investment and creation of an attractive investment climate in the country.
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